Financial Insights That Matter
MILAN — Asian finance and central bank chiefs on Sunday warned that barriers to trade threaten to create rifts in the global economy.
“Escalating trade protectionism weighs on global trade, leading to economic fragmentation, affecting trade, investment, and capital flows across the region,” officials from Japan, China, South Korea and Association of Southeast Asian Nations members said in a joint statement from the sidelines of the annual Asian Development Bank meeting in the Italian city of Milan.